Prime Drink Group Corp. (CSE: PRME) has extended a non-brokered private placement and disclosed that it missed the deadline to file its annual financial statements, according to a press release from the Montreal-based company.

The unit offering, originally announced June 12, 2026, seeks to raise between $1,200,000 and $2,200,000 and is now expected to close on or by September 14, 2026. Each unit is priced at $10,000 and consists of 200,000 common shares at a deemed price of $0.05 per share and 200,000 warrants exercisable at $0.10 per share for one year from issuance. The offering would result in the issuance of between 24,000,000 and 44,000,000 common shares and an equal number of warrants.

The company said it plans to allocate $1.0 million of the net proceeds toward finalizing a settlement with creditors and releasing security, with the remainder directed to general working capital.

Prime Drink Group also announced it did not file its audited annual financial statements for the year ended March 31, 2026, by the required deadline of July 29, 2026. The company cited complex accounting, valuation, and disclosure matters stemming from recent corporate transactions and operational integration. It is working with auditor Horizon Assurance LLP and expects to file the annual financial statements by September 28, 2026.

Under National Policy 12-203, the company applied for and received a management cease trade order restricting its Chief Executive Officer and Chief Financial Officer from trading the company's securities until the filings are completed. Other securityholders remain able to trade under applicable securities laws. The company said it will issue biweekly default status reports until the filings are complete.